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Ivory Coast Sets Record Gold Production


FILE: Artisanal miners sluice for gold by pouring water through gravel at an unlicensed mine near the city of Doropo, Ivory Coast. Taken Feb. 13, 2018.
FILE: Artisanal miners sluice for gold by pouring water through gravel at an unlicensed mine near the city of Doropo, Ivory Coast. Taken Feb. 13, 2018.

ABIDJAN - Ivory Coast produced a record high of about 48 tons of gold in 2022, up 14% from the previous year, a document from the Ministry of Mines, Petrol and Energy showed.

Gold output has been climbing steadily for several years and is expected to reach 50 tons this year with the start of production from two mines belonging to Roxgold, owned by Fortuna and Tietto Minerals, according to the document seen by Reuters on Wednesday.

Production is expected to reach 55 tons in 2024, when a new mine from Endeavour starts operating, it said.

Other big gold mining companies operating in Ivory Coast include Barrick Gold and Perseus Mining.

Ivory Coast, the world's top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its revenue.

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